(4 November 2011) Coffey Information and Coffey Environments have both been awarded achievements in the Western Australia annual 2011 IFAP/CGU Safe Way Awards.
(27 October 2011) Coffey International Limited (ASX:COF) (“Coffey”) today announced that it has appointed Mr Mark Croudace as Group Executive of Coffey Environments effective 7th November this year. Mr Croudace is currently Coffey’s Group Executive Business Development.
(21 October 2011) The South Australia Police (SAPOL) has moved into new state-of-the-art headquarters at 100 Angas Street, Adelaide. The new building was project managed by Coffey Projects and culminated in the relocation of over 1100 staff from different police units and branches together in the one building.
(21 October 2011) Global professional services consultancy Coffey International Limited (“Coffey”) today announced acquiring a world-leading rock testing facility and appointing Associate Professor Bill Bamford to head the new high-demand service, developing in-house expertise in specialised rock testing analysis. This move sees Coffey becoming one of only a few providers in the world who offer these specialist rock testing services.
(19 October 2011) Elvira Nigido was recently awarded by the Fire Protection Industry (Ozone Depleting Substances and Synthetic Greenhouse Gases) Board, in recognition and appreciation of her outstanding leadership, dedication and commitment to the development of the national Ozone Depleting Substances and the Synthetic Greenhouse Gases Learning and Assessment Resources.
(2 May 2011) The Ballina Bypass Alliance, a joint partnership between the RTA, Leighton Contractors, AECOM, SMEC and Coffey Geotechnics, won the Best Workplace Health and Safety Management System (Private Sector) category at the Safe Work Australia Awards.
(6 October 2011) Coffey Geotechnics’ Frances Badelow has been accepted as the co-chair of the Foundations Working Group for the Council on Tall Buildings and Urban Habitat (CTBUH).
(13 September 2011) Geotechnical drilling work has commenced on the North West Rail Link. It will assist engineers in providing a more detailed assessment of underground conditions for the construction of Australia's longest rail tunnels.
(13 September 2011): Geotechnical experts have met for the Safe Buildings conference in Auckland with new recommendations for New Zealand building practices in seismic areas discussed.
Professor Harry Poulos, a foundation design expert from Coffey Geotechnics who has been responsible for the foundations of some of the world’s tallest buildings, presented at the conference on his recommendations for safer, earthquake resistant cities and buildings. He advised that the recent events in Christchurch have made the engineering community reconsider the impact of ground conditions and the way we should be designing foundations.
(2 September 2011) Rosanna Petteno, employee of global professional services consultancy Coffey International Limited (“Coffey”) has been announced as the NSW winner of the Award for Achievement in Construction, Refurbishment and Fitout as part of the 2011 National Association of Women in Construction Awards for Excellence.
(26 August 2011) Richmond Football Club’s Punt Road Oval is now home to a striking redevelopment, project managed by Coffey Projects. The bold yellow and black metal sheet clad building houses the clubs new administration and training centre.
(25 August 2011) The Museum of Old and New Art’s (MONA) engineering team was awarded “highly commended” at the Engineers Australia Tasmania Division Engineering Excellence Awards 2011. The awarded engineering consultants consisted of Felicetti Pty ltd, WSP Lincolne Scott/Vision Design, Coffey Mining Pty Ltd and Johnstone McGee & Gandy Pty Ltd.
(24 August 2011) Residents in the south-east of Melbourne will now have access to better mental health services following Coffey Projects' successful management and delivery of the first stage of a A$57 million redevelopment and expansion of Dandenong Hospital’s Mental Health Services.
(22 August 2011) Global professional services consultancy Coffey Projects has announced the appointment of Alan Milligan as Health Project Director in NSW.
Alan, who has over 30 years experience in construction and project management, is a highly experienced senior executive with international expertise gained in Australia, North Africa, Turkey, Middle East and South East Asia.
(11 August 2011) Some of the world’s tallest and most technically challenging superstructures are sitting on foundations designed by an Australian woman.
Geotechnical engineer Frances Badelow provides advice and recommendations for the foundations of very tall buildings, some rising a kilometre into the sky and some founded on very soft or reclaimed land.
(10 August 2011) Coffey International Limited (ASX:COF) (“Coffey”) today announced an Underlying EBITDA¹ in FY2011 of $32.3 million, ahead of guidance provided in June 2011 of $29 - 32 million. Coffey reported an EBITDA² loss of $39.7 million for the year ending 30 June 2011. The FY2011 reported result includes impairments and non-recurring restructuring costs of $72.0 million which were within the forecast range announced on 8 June 2011.
Coffey confirmed FY2012 EBITDA guidance of $45 million.
(27 July 2011) Global professional services consultancy Coffey International Limited (“Coffey”) today announced securing a contract with Fulton Hogan McCosker (FHMJV) to deliver construction materials testing services for the Australia Pacific LNG site civil works on Curtis Island. The contract is expected to be worth approximately $3.2 million.
(6 July 2011) The Coffey International Award was presented to IFFCO Kisan Sanchar Ltd on Monday night at the Business in the Community’s Gala Dinner in London. Coffey International Limited sponsored the award in order to celebrate and encourage businesses that contribute to the achievement of the United Nations Millennium Development Goals.
IFFCO Kisan Sanchar Ltd (IKSL) was recognised for its M-Powering Farmers Mobile Phone initiative, a service that helps farmers become more productive, profitable and sustainable by providing easier access to agricultural information via mobile phones.
(6 July 2011) Following on from the restoration of the Queen Victoria Building, Coffey International Limited subsidiary Coffey Projects has delivered another magnificent shopping experience to Sydney – the Burberry flagship store at 343 George Street.
(4 July 2011) Global professional consultancy Coffey International Limited today announced that subsidiary Management Systems International (MSI), a part of Coffey International Development, has been awarded a USAID contract to deliver the National and Provincial Administrative Reform Project in Iraq. The project is known as Tarabot in Arabic or “linkages”. MSI have signed a contract for the first year of a possible four year, US$151.3 million project.
(4 July 2011) Global professional consultancy Coffey International Limited today announced that subsidiary Management Systems International (MSI), a part of Coffey International Development, has been awarded a five-year, US$70.9 million competitively-bid contract in Pakistan.
(30 June 2011) Coffey International Limited Managing Director John Douglas has been recognised as one of Australia’s most influential engineers.
(16 June 2011) Steve Weller, formerly a long-term senior engineer for Abaqus software in Dassault Systèmes, has traded Melbourne’s famous cafes and seasonal climate for Coffey Mining and sunshine in West Perth. His unique experience in customisation, process automation and scripting with the leading Finite Element Analysis package Abaqus FEA now benefits Coffey Mining’s growing numerical modelling and geotechnical portfolio.
(15 June 2011) Coffey International Limited’s Coffey Projects business has been recognised with a merit award for the innovative design of the Remarkables Primary School in Queenstown, New Zealand at the annual Property Council New Zealand/Rider Levett Bucknall Property Industry Awards 2011.
8 June 2011
- Business portfolio restructured to focus on core competencies and markets
- New, flat, simplified management structure driving earnings accountability and organisational stability
- Expected FY11 underlying EBITDA of $29 million - $32 million
- Non-cash impairment charges of $60 million - $65 million to be recognised in FY11 result
- One-off restructure costs of $10 million - $12 million to be recognised in FY11 result
- Expected FY11 EBITDA loss of $38 million - $48 million including impairments and one-off restructuring costs
- Coffey now well placed for earnings turnaround - FY12 EBITDA expected to be at least $45 million
- Banking facilities and financial undertakings re-confirmed to 2014
(27 May 2011) Coffey Projects in Africa has been awarded the PMR.africa Gold Award for project management. The awards recognise outstanding performance and were presented at the PMR.africa Construction Industry Leaders and Achievers Award Breakfast at the Hyatt Regency Hotel in Rosebank earlier this month.
(23 May 2011) The Todd Property Group has awarded Coffey Geotechnics, a subsidiary of global professional services firm Coffey International Limited, as the lead geotechnical consultants for the Long Bay development in New Zealand.
(20 May 2011): Global professional services consultancy Coffey International Limited (“Coffey”) today announced securing a contract with Abigroup to deliver construction materials testing services for the Holbrook Bypass on the Hume Highway. The contract is expected to be worth approximately $8 million.
(20 May 2011) In March 2011 the NZ$200 million Te Uku Wind Farm was fully commissioned – with the capacity to generate 64.4MWs of electricity to power the equivalent of approximately 30,000 homes. The wind farm was built by an alliance of Meridian Energy and WEL Networks. This is the first time an electricity generator and retailer and a lines company have entered into an alliance to build a wind farm in New Zealand.
(18 May 2011) The final touches have been made on a prestigious new office building in Auckland’s revitalised Britomart precinct. The development was completed on time on 1 April 2011, and consists of two ten-level towers and an additional two floors which link the towers at the upper Eastern end.
(27 April 2011) The Minister for Sport and Recreation, Brian Wightman, has released the completed Tasmanian A-League team business case and announced further work with the Football Federation of Tasmania towards the goal of a Tasmanian A-League side.
(21 April 2011, Ipswich, Queensland): A subsidiary of Coffey International Limited, Coffey Commercial Advisory, has secured a contract with the City of Ipswich Council in South East Queensland to establish the program management office (PMO) overseeing the flood recovery activities for the City of Ipswich. The PMO will make certain the proposed implementation of the Ipswich Flood Disaster Reconstruction Plan is in line with the National Disaster Relief and Recovery Arrangements.
(19 April 2011) Dr Ben Rotter, Groundwater Engineer at Coffey Geotechnics, was recognised by the International Association of Hydrogeologists as the New South Wales Young Professional 2011.
(11 April 2011) With the opening of Rex Barossa Aquatic and Fitness, Barossa residents and visitors can now enjoy a range of recreational activities in an exciting and modern centre.
(28 March 2011) Dr. Stephan Arndt and Dr. Brent Fillery have recently joined Coffey Mining, bringing with them proven experience in advanced numerical modelling solutions for the mining industry. Using the world’s leading nonlinear finite element analysis software, Abaqus FEA from Simulia, the Dassault Systèmes brand for realistic simulation, Coffey can now offer virtual simulation solutions to the industry to achieve the highest level of detail, accuracy and performance.
(24 March 2011) Brisbane’s Gateway Upgrade Project was judged as the nation’s best infrastructure project of the year, at Infrastructure Partnerships Australia’s prestigious National Infrastructure Awards, held in Sydney last week. The achievement was awarded to Queensland Motorways and the Queensland Government for the project, which includes the new Gateway Bridge, recently renamed the Sir Leo Hielscher Bridge – South. Coffey Geotechnics provided full geotechnical design and construction services for the project which included all bridge foundation design, fill embankment design, ground treatments, pavements and construction advice. Coffey Environments and Coffey Projects were also involved in the upgrade.
(16 March 2011) Coffey Environments’ Principal Ron D’Ercole was recently appointed as a Contaminated Sites Auditor by the Western Australian Department of Environment and Conservation. Ron was the only successful applicant accredited in the last round under the state’s Contaminated Sites Act 2003 (CS Act).
John Douglas to succeed Roger Olds as MD and CEO
Succession effective 1st March 2011
(9 February 2011) Coffey International Limited ((ASX:COF) (“Coffey”, “the Company”)) today announced that it has appointed Mr John Douglas as Managing Director and CEO effective 1st March this year. Mr Douglas succeeds Mr Roger Olds, who will be stepping down on February 28th 2011 after leading Coffey for the last 15 years.
(2 March 2011, Melbourne, Victoria) Global professional services consultancy Coffey International Limited (“Coffey”) has been awarded an additional contract for information testing services on the M80 Ring Road Upgrade. Coffey Information was awarded the contract with Leighton Contractors, after providing similar services to BMD Constructions and Thiess Contractors on adjacent sections of the M80 Upgrade.
(24 February 2011) Potential geotechnical engineers now have a direct career path available to them in Australia.
The Bachelor of Engineering (Geotechnical) has recently been fully accredited by Engineers Australia. Offered by the University of Tasmania (UTas), the course has been established as a joint initiative with Coffey subsidiary, Coffey Mining, who are providing lecturers and course development advice. UTas Engineering and Earth Sciences staff are also involved in lecturing for the course.
(22 February 2011) Australia’s first Social Housing project to be awarded a 5 star Green Star rating from the Green Building Council of Australia has just opened in Lilyfield, NSW.
(22 February 2011) Global professional services consultancy Coffey International Limited (“Coffey”) has launched their new information premises in the Darwin CBD. The new move recognises the high business confidence levels in Darwin and its continued growth and importance as a major Australian business centre.
(21 February 2011) Global professional services consultancy Coffey International Limited (“Coffey”) has announced the appointment of Chris Fredericks as the Coffey Mining General Manager Africa.
Overview
(16 February 2011)
- Performance in line with market guidance provided in mid December 2010.
- Continuing disappointing performance due to delayed and cancelled projects.
- Performance improvement plan announced in December 2010, $18 million of annual savings identified so far, tracking to target.
- Re-negotiated and agreed terms of extension of banking facilities for a further 3 year period to February 2014.
- No interim dividend.
- Appointment of new Managing Director effective 1 march 2011 as part of Board renewal and succession program.
(8 February 2011) Coffey International Limited (“Coffey”) has joined the World Community Grid – an IBM sponsored initiative that utilises idle computer power to facilitate global humanitarian research projects.
(1 February 2011, Hobart, Tasmania) Australia’s largest private museum, the spectacular $75 million Museum of Old and New Art (MONA), was officially opened last week. The development is quite unlike any Australia has known – it is a three-level subterranean concrete and corten steel development with over 6,000 square metres of gallery space. It is comparable in size to Queensland’s Gallery Of Modern Art.
(17 January 2011) Our offices in Newstead and Spring Hill, Brisbane are operational. Staff are available and working on projects for our Geotechnics, Environments, Information, Projects, International Development, Commercial Advisory and Mining businesses.
(12 January 2011) Our offices in Brisbane are currently closed due to the closure of the Brisbane CBD in anticipation of flooding over the next few days. All Coffey staff are safe and accounted for. Our offices will remain closed this week and we will continue to monitor the situation and post updates as we have them early next week.
(14 December 2010) Coffey International Limited (“Coffey”) received a Gold Award and one Silver Highly Commended Award at the Consult Australia Awards for Excellence. The awards were announced at the recent Consult Australia annual dinner held in the Park Hyatt, Melbourne.
(13 December 2010) Christmas has come early for Coffey International Limited’s (”Coffey”) Adelaide based staff as they moved into their new people and environmentally friendly business environment, Worldpark today. Located on Richmond Road, Keswick, this is the first green business park in Adelaide. It was designed and project managed from concept to completion by Coffey people, for Coffey people, in partnership with Axiom Properties.
(8 December 2010) Coffey International Limited subsidiary, Coffey Mining, is working in partnership with the Minas Gerais state government in Brazil to develop a research and development centre, specialising in geotechnologies and advanced visualisation using virtual reality.
(6 December 2010) Coffey International Limited (“Coffey”) has expanded its footprint rapidly becoming a global consulting firm with more than 4000 staff in 80 different countries sparking the need for local content on its website.
(19 November 2010) Coffey International Limited’s managing director, Mr Roger Olds, was elected as a Fellow of the Australian Academy of Technological Sciences and Engineering (ATSE). Mr Olds was elected in recognition of his achievements as one of Australia’s leading technical business people who is passionate about delivering outcomes for the profession and the community it serves.
(4 November 2010) Global professional services consultancy Coffey International Limited (ASX:COF) has announced the appointment of Mr Robert Rhodes as the Company’s general manager, Western Australia based in Perth.
(20 October 2010) Dr Harry Poulos, Senior Principal Coffey Geotechnics, is to be awarded a Distinguished Membership of the American Society of Civil Engineers later this month.
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15 October 2010) Coffey International Limited has delivered a leading edge building in New Zealand through its Coffey Projects business, Remarkables Primary School for our client, the Ministry of Education. The school combines futuristic design, 21st century education practices and technology with a scenic, yet challenging, environment.
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12 October 2010) Caroline Jarrett, employee of global professional services consultancy Coffey International Limited (“Coffey”) has been nominated in the “Award to a Young Achiever” category of the 2010 National Association of Women in Construction (Victoria & Tasmania) Award.
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6 October 2010) Coffey International Limited subsidiary, Coffey Projects, is working with the Commonwealth Department of Families Housing Community Services and Indigenous Affairs (FaHCSIA) to help ‘close the gap’ and provide better futures for the Aboriginal and Torres Strait Islander people in living in remote Indigenous communities and town camps in the Northern Territory.
Appointment of New Chairman
(29 September 2010) Coffey International Limited ((ASX:COF) (“Coffey”, “the Company”)) today announced that Mr Stephen Williams has advised the Board that he will retire as Chairman of the Company at the close of the 2010 Annual General Meeting on 18 November 2010. Mr Williams intends to offer himself for re-election as a Non-Executive Director to assist in handover and ensure a seamless transition to the new Chairman.
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28 September 2010) Global professional services consultancy Coffey International Limited (“Coffey”) has launched an
Arabic website to support its business activity in the Middle East.
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13 September 2010) Global professional services consultancy Coffey International Limited (“Coffey”) announced the appointment of Dave Mason as Coffey’s Papua New Guinea (PNG) country manager, effective immediately.
(2 September 2010) Coffey International Limited ((ASX:COF) (“Coffey”, “the Company”)) today announced that, following the first anniversary review of its global matrix structure, it has decided to divide the leadership of the Group Operations function into two roles.
The revised structure separates the leadership of the Regional Operations and the leadership of the Specialist Service Lines replacing the role of Group Executive Operations with two new Group Executive roles. This change will enable increased focus across both the Specialist Service Lines and the Regional Operations, driving the key accountabilities for the different roles.
(23 August 2010) Global professional services consultancy Coffey International Limited (“Coffey”) has received a Commendation in the NSW Regions & ACT category at the Urban Development Institute of Australia NSW (“UDIA NSW”) Austral Bricks Awards for Excellence 2010, for the Emirates’ Wolgan Valley Resort and Spa project, announced at a gala event in Sydney last Friday evening.
Overview
(18 August 2010)
- Strong start to first half, continuing the recovery from the GFC seen in the fourth quarter of FY09
- Implemented second phase of management restructure in October 2009 to establish a matrix to manage the global business
- Disappointing second half, caused by continuing impacts of GFC in different parts of the world, compounded by the impact of the management restructure
- Divested MPL Laboratories as a non-core asset
- Acquired Global Justice Solutions and Libra Advisory to build global security and justice business
- Actions implemented during second half to improve performance:
- Increased business development activities
- Overhead cost reductions from procurement review
- Implemented business right-sizing plan with staff reductions
- one-off costs of $3.9 million
- cost savings of between $12 million and $15 million per annum in FY11
- Improved monthly fee revenue evident from March 2010 reflecting return on increased business development activity
- Fully franked final dividend of 3.5 cents per share
- Bank facilities and financial undertakings reviewed in June 2010
- Cautious outlook for FY11 despite improving monthly fee revenues over past 4 months
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6 August 2010) Today, there was time for play in the Black Saturday bushfire affected community of Strath Creek, Victoria. A playground was officially opened during a ceremony at Strath Creek Pioneer Reserve attended by local families, councillors, voluntary members of GlobalQuest and other Coffey International Limited (“Coffey”) staff.
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26 July 2010) Global professional services consultancy Coffey International Limited (“Coffey”) is pleased to announce that four of its world-leading experts and senior principals are speaking and chairing key sessions at the Urban Geotechnical Practices Conference held in Sydney, 26–29 July, 2010.
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6 July 2010) Global professional services consultancy Coffey International Limited is pleased to congratulate Barclays and The Guardian News and Media on winning the Coffey International Award for the Katine Partnership. The award was presented by HRH The Prince of Wales at the Business in the Community’s (BITC) Prince’s 25th Anniversary Gala Dinner in London on Monday night.
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30 June 2010) In April 2010, the Directors of global professional services consultancy Coffey International Limited ((ASX:COF) (“Coffey”, “the Company”)) announced that they expected an operating earnings before interest, tax, depreciation and amortisation (“Operating EBITDA”) result of $45 million to $50 million for the year ending 30 June 2010, excluding any potential goodwill impairment impacts.
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29 June 2010) Coffey International Limited subsidiary, Coffey Commercial Advisory, has been engaged to undertake a master plan for the redevelopment of the Fremantle Oval Precinct, in Western Australia, on behalf of clients and stakeholders; Fremantle Football Club (“FFC”), South Fremantle Football Club (“SFFC”), Department of Sport and Recreation WA (“DSR”) and Australian Football League (“AFL”).
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25 June 2010) Coffey International Limited (“Coffey”) subsidiary, Coffey Projects, has been engaged by client Gruppo Investment Nigeria Limited to project manage the construction of the US$54 million Ikeja City Mall in Lagos, Nigeria. The development will be Lagos’ second major shopping centre and is due to be completed by November 2011.
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25 June 2010) Building flexibility, future proofing, sharper procurement methodologies and environmentally sustainable initiatives are among the recent trends in health facilities redevelopments, according to Roger McLeod, project director at Coffey International Limited subsidiary, Coffey Projects.
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4 June 2010) Coffey International Limited subsidiary, Coffey Mining, has recently completed a preliminary assessment of the Mamou-Dalaba bauxite project in Guinea, West Africa, on behalf of Canadian-based client Anglo Aluminum Corp. Coffey Mining conducted a first-pass ASTER1 processing to generate plateau outlines and bauxite target ranking followed by site visits to check targets, collect samples, and assess bauxite potential.
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3 June 2010) Coffey International Limited subsidiary Coffey Environments has played a key role to ensure the new Macquarie University Hospital in Sydney is compliant with the development consent requirements of New South Wales’ Department of Planning and the Environmental Protection Authority (“EPA”).
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31 May 2010) Global professional services consultancy Coffey International Limited (“Coffey”) today announced the appointment of Rob Tyler as Coffey Mining manager in West Africa, effective immediately. Rob will head Coffey Mining’s operations in the region based in Accra, Ghana.
(25 May 2010) Coffey International Limited subsidiary, Coffey Environments, has been awarded Australia’s first accreditation for asbestos and hazardous materials clearance inspections by the National Association of Testing Authorities (“NATA”).
(19 May 2010) Coffey International Limited subsidiary, Coffey Mining, will be discussing challenges and solutions for the Brazilian mineral exploration market in the upcoming Brazilian Symposium of Mineral Exploration (“SIMEXMIN”), between 23-26 May in Ouro Preto, Minas Gerais, Brazil.
(14 May 2010) Global professional services consultancy Coffey International Limited (“Coffey”) has launched a Spanish website to support its increasing business activity in Spanish speaking South American countries.
(29 April 2010) The Directors of global professional services consultancy Coffey International Limited ((ASX:COF) (“Coffey”)) today announced that they expect an Operating EBITDA result of $45 million to $50 million for the full year ending 30 June 2010.
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19 April 2010) Coffey International Limited subsidiary, Coffey Projects, has successfully delivered the NZ$20+ million (AU$15+ million) New Zealand pavilion at World Expo 2010 in Shanghai, China. On behalf of client New Zealand Trade and Enterprise (“NZTE”), Coffey Projects has been the lead project management firm heading up a consortium responsible for the design, build and removal of the pavilion.
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1 April 2010) Global professional services consultancy Coffey International Limited (“Coffey”) this month celebrates the first anniversary of subsidiary Coffey Rail, its specialist rail engineering and operations consulting business.
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9 March 2010) Coffey International Limited subsidiary, Coffey Projects, has recently delivered the National Centre of Indigenous Excellence (“NCIE”) in Sydney, Australia, which was officially opened on Friday (26 February) by The Hon. Kevin Rudd, MP, Prime Minister of Australia.
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3 March 2010) Global professional services consultancy Coffey International Limited ((ASX:COF) (“Coffey”)) today announced it has acquired 100 per cent of Global Justice Systems (GJS), based in Australia and the United Kingdom (UK), and Libra Advisory Group Limited, a UK-based consultancy.
(17 February 2010)
1. Overview
- Solid performance, particularly in light of a record prior half and against unfavourable foreign exchange movements
- Without adverse foreign exchange movement, Operating EBITDA would have been in line with corresponding period
- Operating EBITDA up $11.4 million (58%) on H2 FY09
- Achieved in excess of $20m annualised cost savings compared to December 2008
- Successful implementation of new organisational structure with minimum disruption
- Strong signs of a rebound in the Asia Pacific region
- Some impact from GFC particularly in Middle East and Brazil
- Total revenue down 3% to $404.3m
- Fee revenue down 7% to $241.0m
- Operating EBITDA* down 14% to $31.1m, impacted by foreign exchange
- Negative foreign exchange impact on EBITDA of $5.6m in H1 FY10 compared to H1FY09
- Operating EBITDA* (excluding foreign exchange impact) up 1.2% to $32.7m
- Working capital management continued to improve, down 12% to 66 days from June 09
- Net Debt reduced by $5.5m, down to $87.3m from June 09
- Net Debt / Capital ratio down 2% to 31% from June 09
- Fully franked interim dividend of 7.5 cents per share
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5 February 2010) Global professional services consultancy Coffey International Limited (“Coffey”) has been named one of the best professional services companies in Australia by Business Review Weekly (“BRW”). Coffey is a finalist for the best engineering consulting company (revenue over $200 million) for the upcoming 2010 BRW Client Choice Awards, announced by BRW earlier this week.
(7 January 2010) Coffey International Limited subsidiary, Coffey Environments, has successfully completed the first groundwater remediation treatment in Australia using Primawave, an innovative chemical amendment injection technology for the treatment of contaminated groundwater.
(22 December 2009) Global professional services consultancy Coffey International Limited ((ASX:COF) ("Coffey")) today announced it has signed an agreement to sell 100 per cent of the fixed assets and going business concern of MPL Laboratories Pty Ltd ("MPL"), an analytical laboratory business based in Myaree, Western Australia to Envirolab Services Pty Ltd ("Envirolab").
(9 December 2009) Global professional services consultancy Coffey International Limited (“Coffey”) has won the Project of the Year Award at the 2009 Association of Consulting Engineers Australia (ACEA) Awards for Excellence, for the Inner Northern Busway - Queen Street to Upper Roma Street Project in Brisbane, Australia, announced at an annual dinner in Brisbane last Friday evening. This project also received a Gold Award in the Transport & Civil Infrastructure category.
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25 November 2009) Coffey International Limited (“Coffey”) is part of an alliance team being formed to deliver the road works portion of the Kempsey Bypass Project.
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26 October 2009) Global professional services consultancy Coffey International Limited subsidiary, Coffey Projects, has been named Category Winner for Sustainable Projects at the recent 2009 National Project Management Achievement Awards for delivery of the Sunshine Electricity – Broadwater & Condong Biomass Co-generation Project.
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19 October 2009) Global professional services consultancy Coffey International Limited (“Coffey”) and the Port of Brisbane Corporation (“PBC”) have won the Innovation Award at the Queensland Engineering Excellence Awards 2009 for the Port of Brisbane Reclaimed Land Development Trial Project.
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6 October 2009) Global professional services consultancy Coffey International Limited (“Coffey”) today announced that the U.S. Agency for International Development (USAID) has awarded Coffey a US$40 million funding increase within the contract for the Tatweer Project in Iraq.
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24 September 2009) Global professional services consultancy Coffey International Limited (ASX:COF) today announced the appointment of Dr John Mulcahy as an independent Non-executive Director of Coffey International Limited, effective immediately.
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21 September 2009) The Brazilian operation of leading global professional services consultancy Coffey International Limited has entered into a preliminary strategic partnership with the UK’s Virtalis, one of the world’s leading Virtual Reality (VR) companies.
(11 September 2009) Global professional services consultancy Coffey International Limited (ASX:COF) today announced that subsidiary Coffey International Development has been awarded a A$100 million, five-year project managed and financed by AusAID for the Philippines Provincial Road Management Facility (PRMF).
1. Highlights
- Total revenue up 45% to $808.7m
- Fee revenue up 36% to $510.4m
- Operating EBITDA up 12% to $56.0m
- NPAT up 7% to $16.4m
- EPS up 4% to 14.5 cents per share
- Improvement in working capital management from 76 days to 49 days
- Fully franked final dividend of 4.5 cents per share
- Total annual fully franked dividend of 13.0 cents per share
- Funding capacity of $107m available to support growth plans.
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9 July 2009) Coffey International Limited (ASX: COF) is pleased to announce that IBM has won the prestigious Coffey International Award for its application of technical expertise in innovative ways to address the greatest societal and environmental challenges of our time, announced at the annual Business in the Community (BITC) Awards for Excellence in London on Monday evening (local time).
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3 July 2009) A Coffey International Limited company, MSI, based in the United States, has been awarded a five-year, USD$66.3 million rule of law project funded by USAID/Mexico. Rule of Law III: Support for Legal Reforms is the third USAID-funded initiative of its kind, in support of the Merida Initiative, which aims to prevent and eradicate organized crime.
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9 June 2009) The Directors of Coffey International Limited (Coffey) wish to provide the market with an update on business and trading performance and the expected trading result for the full year to 30 June 2009.
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14 April 2009) Global engineering and project management consultancy Coffey International Limited (“Coffey”) today announced it has acquired European international development business The Evaluation Partnership (TEP) for £1.1 million funded from its existing acquisition debt facility. The deal will be subject to an earn out over the next 2 years of operation.
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2 April 2009) Coffey International Limited today announced that its subsidiary Coffey Projects has become one of the recipients of the recently announced ‘Building the Education Revolution’ (BER) program, part of the Rudd Government’s $42 billion Nation Building and Jobs Plan to support jobs that will stimulate local economies and invest in important infrastructure for the long term.
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27 February 2009) Global engineering and project management consultancy Coffey International Limited today announced operating earnings before vendor earn-out and vendor share-based payment expense, interest, tax, depreciation and amortisation (Operating EBITDA) of $36.3 million for the six months ended 31 December 2008. This represents an Operating EBITA result of $32.6 million, which is above the preliminary range of $29-$31 million announced on 30 January.
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18 February 2009) Coffey International Limited (“Coffey”) today announced that it has signed an agreement to pay approximately $400,000 to acquire 100 per cent of the fixed assets and going business concern of Testrite, a laboratory testing business based in Sydney, Australia.
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30 January 2009) Coffey International Limited today announced that it expects an operating result for the six months ended 31 December 2008 in the range between $29 million and $31 million EBITA (pre vendor earn out and share based payments expense).
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28 January 2009) Coffey International Limited today announced the appointment of Ms Debbie Goodin to the role of director of operations. Debbie is currently acting chief financial officer and will commence in the new role when Mr Urs Meyerhans starts as director of finance and chief financial officer on 2 February.
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19 December 2008) Coffey International Limited (ASX:COF) announced today that it has completed an agreement to acquire 100 per cent of the fixed assets and ongoing business concern of Civil Lab, a laboratory testing business based in Auckland, New Zealand, for NZ$950,000. The purchase involves an earn-out over a two year period. The business acquisition has been funded from cash without needing to draw on Coffey International Limited’s acquisition debt facility. It will be earnings per share accretive from commencement.
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Sydney, Australia – 1 December 2008) Coffey International Limited came up trumps at the 2008 ACEA Awards for Excellence, receiving three Gold Awards and one Certificate of Recognition. The awards were announced at an annual dinner in Perth on Friday evening.
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13 November 2008) Coffey International Limited today announced the appointment of Mr Urs Meyerhans to the new role of director of finance and chief financial officer. Urs will commence the role in early 2009.
(11 November 2008) Coffey International Limited (Coffey) today announced an on-market share buy-back program of up to 10% of its issued share capital in accordance with the Listing Rules. The share buy-back will be EPS accretive and funded from existing cashflows. The Board will monitor the position daily to ensure that the ongoing buy-back implementation meets the Company’s capital management criteria.
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11 November 2008) Coffey International Limited today announced subsidiary Coffey International Development has, in the last month, been awarded more than US$140 million of aid contracts in Iraq, Sudan and Peru by the Millennium Challenge Corporation and United States Government. The announcement of this substantial pipeline of committed work is on top of Coffey’s strong first quarter financial performance, in which revenue reached almost $191 million on improved margins.
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Sydney, Australia – 16 October 2008) Coffey International Limited today announced its new executive team that will lead the company through its next phase of growth to become truly global by 2020.
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Sydney, Australia – 24 September 2008) – Coffey International Limited (ASX:COF) announced today it has acquired Bovell, Freeman and Holley (BFH), a South African project management business with particular experience in the hotel and leisure industry. BFH will be acquired through Coffey Projects Africa Pty Ltd (CPA), a subsidiary of Coffey International Limited.
(19 September 2008) National accreditation body NATA has awarded Coffey Environments Australia’s first accreditation for asbestos and hazardous material surveying.
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28 August 2008) Coffey International Limited today announced operating earnings before interest, tax and amortisation (operating EBITA) and share-based payment expense of $43.2 million, meeting previous market guidance.
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Sydney, Australia – 4 August 2008) Today we are celebrating the unveiling of a new Coffey business. I am proud to announce the launch of Coffey Institute, our specialists empowering knowledge.
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Sydney, Australia – 1 August 2008) In accordance with Listing Rule 3.16 the Company announces that Paul A. Mitchell resigned as a director of the Company effective 30 July 2008.
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Sydney, Australia – 2 July 2008) Coffey International Limited (ASX:COF) today announced it has signed contracts to provide English and technical training in the Middle East.
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Sydney, Australia – 1 July 2008) Coffey International Limited (ASX:COF) today announced the appointment of Paul Mitchell, OAM, to the position of non-executive director of Coffey International Limited, effective immediately.
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Melbourne, Australia – 1 July 2008) Today we are celebrating the unveiling of a new Coffey entity, although the business has existed in Coffey for nearly 50 years. I am proud to announce our most recent addition to the Coffey group – Coffey Information.
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Sydney, Australia – 6 June 2008) Coffey International Limited (ASX:COF) advises that its chief financial officer Simon Curtis resigned earlier today, effective immediately. Debbie Goodin will replace Simon as the acting chief financial officer until the Board considers a replacement.
& Coffey reconfirms its forecast of $42m to $46m EBITA (pre share based payments) for the financial year ended 30 June 2008, consistent with previous market guidance
(Sydney, Australia – 5 June 2008) An internal review by Coffey International Limited ((ASX:COF) (the "Company")) has revealed deficiencies with the Company's published accounts for the financial year ended 30 June 2007. The net result of these deficiencies is an overstatement of reported profit for FY07.
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Sydney, Australia – 1 April 2008) Coffey International Limited (ASX:COF) subsidiary, Coffey Projects is pleased to announce the appointment of Tom Tucker to the role of CEO, commencing 1 April.
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Sydney, Australia – 25 March 2008) Coffey International Limited (ASX:COF) subsidiary, Coffey Natural Systems, is pleased to announce the appointment of Dave Browne to the role of CEO, commencing March 31 when Stuart Jones steps down from the position.
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Sydney, Australia – 14 March 2008) Coffey International Limited has been awarded the BRW Client Choice Award 2008 for the best consulting engineering firm (revenue over $200 million) at a gala dinner event in Sydney on Wednesday evening.
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Sydney, Australia – 3 March 2008) Coffey International Limited (ASX:COF) today announced it has acquired Canadian geotechnical firm Shaheen and Peaker Limited and its subsidiary companies S&P Geo Engineering and Geo Canada for approximately C$11.0 million in a mixture of C$8.8 million in cash and C$2.2 million in shares.
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Sydney, Australia – 8 January 2008) – Coffey International Limited (ASX:COF) announced today it has extended its project management capability in transport infrastructure with the acquisition of Teal Management Services.
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Sydney, Australia – 7 January 2008) – Coffey International Limited (ASX:COF) today announced the acquisition of Washington D.C.-based development consultancy Management Systems International Inc (MSI) in a plan to build global critical mass in the international development consulting market.
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Melbourne, Australia – 13 November 2007) – Coffey International Limited (ASX:COF) today announced it has entered into an agreement with Axiom Properties Limited to develop the second Australian ‘Worldpark’ green business precinct, to be located in Melbourne.
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Melbourne, Australia – 6 November 2007) – Coffey International Limited (ASX:COF) today announced its subsidiary company Coffey Mining, South Africa (Pty) Limited has acquired South African (backfill) consultancy NS Consultancy for $0.4 million in cash.
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Melbourne, Australia – 6 November 2007) – Coffey International Limited (ASX:COF) today announced the acquisition of Webber Associates UK Limited, a specialist geotechnical consulting firm based in the United Kingdom. This is Coffey’s second geotechnical acquisition in the United Kingdom.
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Melbourne, Australia – 24 September 2007) – Coffey International Limited (ASX:COF) today announced the signing of an agreement to acquire Brazilian mining sector consulting company Geoexplore Consultoria e Serviços Ltda.
(Melbourne, Australia – 3 September 2007) – Coffey International Limited (ASX:COF) today announced the acquisition of Stratcorp Consulting Pty Ltd, a boutique consultancy providing high-level strategic advice in the area of large sporting and leisure projects.
(Sydney, Australia – 30 August 2007) The directors of Coffey International Limited (ASX: COF) today announced operating earnings before interest, tax and amortisation of $32.3 million for the year ended 30 June 2007, up 44% on the previous year. This result was achieved on a 46% increase in revenue to $368.3 million.
(Melbourne, Australia – 8 August 2007) – Coffey International Limited (ASX:COF) today announced the acquisition of infrastructure advisory consultancy The Peron Infrastructure Group. Coffey will acquire 100 per cent of share capital in the company. The annual turnover of Peron is in the order of $8 million.
(Melbourne, Australia – 2 July 2007) – Coffey International Limited (ASX:COF) today announced the acquisition of two companies: railway engineering consultancy Asia Pacific Rail Pty Ltd and project and contract management consultancy John Wertheimer Consultants Pty Ltd, both founded and owned by John Wertheimer.
(Melbourne Australia – 28 May 2007) Coffey International Limited (ASX:COF) today announced the acquisition of Xeon, Inc., trading as CTL Environmental Services, a Los Angeles-based environmental consulting business.
(5 March 2007) An innovative property development project that will improve living and working environments will be launched in Adelaide, South Australia.
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Melbourne Australia 5 March 2007) Coffey International Limited (ASX:COF) today announced the acquisition of Foundation Engineering Consultants, a New Zealand based geotechnical consultancy that provides specialist geotechnical and laboratory services for land development and building construction projects. Coffey will pay A$4.1 million in cash and A$2.2 million in shares for the business.
(Sydney, Australia – 26 February 2007) The directors of Coffey International Limited (ASX: COF) today announced record half year earnings before interest, tax and amortisation of $13.9 million for the half-year ended 31 December 2006, up 58% on the previous year. This profit result is on a 44% increase in revenue to $159.5 million.
